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i am asking jared bernstein how long it could last and what the chances are of recession at facebook parent company meta, is mark zuckerberg's meta verse dream becoming a nightmare? what we think are the 3 most important things investors ought to be thinking about. stocks were hammered as investors worry about rising interest rate. bullish money managers have turned cautious. netflix stock plummeted on reported last 200,000 subscribers last quarter. what it means for the streaming industry and investors and elon musk had a nice week, tell earnings soared and he has funding to buy twitter. what that means and what happens next. on "barron's roundtable," ben levinsohn, carleton english and jack hough. you made an interesting comment as we watched stocks plummet on friday and i want you to expand on it. you said the economies too strong for the fed but not strong enough for the market. explained that. >> it comes down to the market saying things like the pmis show the economy is decelerating. we are seeing strength in the job market where jobless claims have been under 200,000 for 29 we

. >> 's criminal taxes -- >> following the president's remarks, white house economic advisor jared bernstein and jen psaki spoke more to reporters about the march jobs report the administration's policy priorities this was the press secretary's first briefing she tested positive for covid-19 days ago move. >> on my first day back i am delivering jared bernstein to you, look at brief remarks in the economic news today and answer some questions and then as long as we can before the president the parts and i'll turn it over. >> thank you so much. today's jobs report provides another indicator as a president said this morning, our economy has gone from being on the mend tubing on the move. in the first conversation i had the president when he was a candidate, he explained his view we face a crisis and we cannot attack one without attacking both. that became the american rescue plan and historically strong labor market we see in today's jobs report is a testament to not just the president correct diagnosis but his insistence it be efficiently and quickly and permitted to get shot in arms and chec

. >>> plus, my interview with white house economic visor jared bernstein on the heels of the new report showing the u.s. economy shrank in the first three months of the year. the first time that's happened in a while. we're back in a minute. s happend in a while we're back in a minute trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest

joining us to talk about this and much more is jared bernstein.ning to you. >> you as well. >> let's talk about what we're seeing the economy is hot corporations are on fire with these things they're moving along you've got tax receipts that are coming in incredibly strong, but the question everybody is asking, can it continue? what comes next? do we run out of jobs? get hit by inflation what do we think >> i think the important indicators from that report -- i moon you very accurately mentioned the strong jobs gains number by the way, we're heading into something historically unprecedented. in an 11-month run, we've posted more than 400,000 jobs a month you were very accurate to top that there's another authentic. there's an increase in labor force participation. it's so important. the participation rate for prime age workers, people aged 25 to 54, that rose 0.3% so that's a good bump last month, however, we're very careful of the council to not simply look at one month if you look since the president took office, that metric, labor force partici

i am asking jared bernstein how long it could last and what the chances are of recession at facebook

tom: jared bernstein, an astute student of our labor economy.viding service to joe biden for many years before the presidency and the council of economic advisers. i want to bring your attention to the headlines from mayor adams. he will join "bloomberg surveillance" later this morning and we hope to bring you that in the 8:00 hour. exceptionally distracted this morning. there is a person of special interest who is at large within the five boroughs or perhaps philadelphia, milwaukee and other parts of the nation. we are distracted with futures of 26. jp morgan out with what i call jp morgan-like earnings. delta doing quite well this morning. where are we on delta, a 4% at one point. the dollar ascending this morning. my other message is they are 14 things to talk to annmarie hordern about and not enough time. the ultimate mystery for vladimir putin when they look to the black sea and ukraine is he may give up the russian power of the baltic sea. the baltic states now with sweden and finland with truly historic announcements. tell me about joe bi

talking about the ethanol standards in the united states, we had jared bernstein earlier indicating though the white house is not trying to control prices but certainly we are seeing a lot of energy volatility. brent crude up by 6.4%. kailey: the white house trying to do something to help rein in inflation which was at 8.5% in march. the market seems to be gripping closely to the 3/10 of a percent gain which was lower than expected. we are off of session highs right now. the nasdaq is up by 8/10 of 1%. in the bond market we are down about seven basis points on the u.s. 10 year yield right around 170 -- 270 is where we set. the dollar is weaker after nate a winning streak and oil. as we watch the markets though we watch sunset park, brooklyn after multiple people were injured inside the subway station. investigators are still on the scene. they have secured the area but are asking new yorkers to avoid it for the time being. let's get to the bureau chief for more. what are we learning at this time? shelly: the nypd is asking more people to stay in place. the vast schools to shelter-in-place

. >>> and white house economic adviser jared bernstein reacting to the troubling report on inflation that came out just moments ago. cnbc's andrew ross sorkin joins us with analysis as well. attention medicare beneficiaries, if you have or are eligible for medicaid, please listen closely. you may be eligible for a medicare advantage plan from wellcare with $0 or low plan premium. call now. we can answer your questions and help you enroll over the phone. wellcare provides access to essential benefits that go beyond original medicare such as dental, vision, hearing and prescription drug coverage with free home delivery. plus, extra benefits like: free over the counter healthcare items, free transportation, free gym membership and home delivered meals. get more access to care with wellcare's telehealth services, including online doctor visits and a 24-hour nurse advice line. wellcare is contracted with medicare to provide plans that may be perfect for you. call now. for copd, ask your doctor about breztri. breztri gives you better breathing, symptom improvement, and helps prevent flare-

we unpack the state of a wartime economy with jared bernstein from the white house council of economicng the bar barety that shocked the world, correspondent dan rivers goes back to bucha, what it says about putin's war. >>> then white lies, the extraordinary and untold story of civil rights activist walter

that's jared bernstein, obviously. plus here at home a big development involving amazon workers o'in staten island voting to become the country's first unionized warehouse in the country. we're live with more on what that means. and a landmark vote on capitol hill with the house today voting to legalize cannabis across the country. coming up, more on what's actually in the bill and what its chances are in the senate. i'm hallie jackson in washington with you this afternoon along with our nbc news team. ali arouzi is live for us in ukraine. shannon pettypiece is covering the white house. we're also joined by helene cooper, "new york times" pentagon correspondent and msnbc political contributor, and by michael mcfaul, former ambassador to russia and msnbc international affairs analyst. ali, let me start with you and what we're learning about this oil depot attack in russia because there's a couple of different developments today. the resumption of peace talks and then this convoy, right? that was denied access to hard-hi

joining us to talk about all of this is white house economist jared bernstein.nt one, not just here but around the globe the question is what should the governors? >> what she advising the president when it comes to inplame. >> if you think of the economy and inflation we're experiencing as a combination of the demand and historically strong labor market, very solid household balance sheets, strong demand meaning insufficient supply, there are two ways to address. again, i'm speak about this from the perspective of the council of advisers. this is economic an all kiss our idea has been to bring it to a strong demand. how do we do that? one thing we want to be sure is that the labor supply continues to grow. ice one of the most important variables in the economy right now and we actually have a very solid and somewhat underappreciated trend in that regard it's just a half point below its prepandemic level. we have the fastest growth in labor participation in any of the past five recoveries of course, that's out of a low trust. that's helpful there's or work in co

is the worst given the quarter rate minus the food and energy, we could be seeing the worst, jared bernsteinhat's the case the chief economist and advisor to the vice president with us right now. jared when you look at this and what's going on do you get a sense that the market might be right that this is as bad as they get to be stubborn for a while but this is the worst of it? >> first of all it's good to be with you and for the record they were records back then i remember let's get physical. >> everyone else here is iq is olivia newton-john. >> perspective is everything as you said and thank you for the question. the market may be right, we certainly saw easing of the core prices that is where you leave out energy and food but energy and food are creating real challenges for household budget and he is doing everything that he can including the historical release of barrels of oral from the strategic reserve 100,000,080 barrels over six months. probably your viewers no you may not know that the president worked with allies and partners to kick that up to 240 million. we are seeing some re

brian deese, and jared bernstein, people are looking for an explanation. >> you have to hold jared's feet to the fire. he's a quick, good talker, just basically they need to find out -- >> sandra: welcome to come on. >> if they understand the pain people are going through, and is the pain ok for them to reach the climate goals because that's what they are sacrificing right now, this american, the middle class of america, this generation, you are being sacrificed. >> john: and back to 1992, any kind of model for where we are now, people's opinions were formed up in the first quarter of 1992 and stayed there through the election, despite the fact the economy started to come back. always great to catch up with you. >> sandra: and our econ will dig in, and also larry kudlow top of the hour. you can only imagine how he's going to want to weigh in. >> john: bread and butter issues, that's what it's all about. >> sandra: war crimes charges against ten soldiers from their actions in bucha. and dozens are still hold in a steel plant in mariupol. and president biden is asking congress for addi

. >> we just learned jared bernstein will join us in the briefing this afternoon to talk about the economicsnd jen psaki is going to be leaving the white house podium for a gig at msnbc. sources told me they beat out cnn in a bidding war over jen psaki. her last briefing was before the president's trip to europe because she got covid, but just learned she's going to be back in today's briefing as well. it's unclear whether it might be the last time or one of the last times we hear from her ahead of her departure this spring for her show at msnbc, some questions about her ethical ability to answer in her official capacity in the white house from what would but her future colleagues now that news of her coming gig is out, john. john jacqui, thank you. >> sandra: larry, where do we start? i guess we'll dig into the economic report we got this morning and you tell us what to take away. jobs report, 431,000 jobs added, unemployment rate, 3.6%, any other point in history we would say it's, on paper a very strong report. is it? >> this is a very strong report. >> all right. >> and plus 95,000 for r

hour, we'll speak with member of the white house council of economic advisers jared bernstein about theses than two months away from primary day in the state's gubernatorial race, georgia's most populous county, fulton, does not have a permanent elections director. joining us, nbc news correspondent blayne alexander. why is this the case? and what are the potential consequences of not having this position filled? >> reporter: mika, so many people know the name fulton county. even if you're not intimately familiar with georgia, you know this area. it's a heavily democratic area and where atlanta is located, but it became a target of former president trump when he made his repeated false claims that the election was stolen. we're seeing the fallout. i spoke to the former elections director who resigned and he said in the months after the 2020 election, he, his family, the poll workers were receiving a number of threats and phone calls to the point it made it difficult to do their job, they experienced high turnover. they're having difficulty filling the position. one person almost immediate

. >> 's criminal taxes -- >> following the president's remarks, white house economic advisor jared bernstein and jen psaki spoke more to reporters about the march jobs report the administration's policy priorities this was the press secretary's first briefing she tested positive for covid-19 days ago move.